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Back in today after the news of the tie in with NMDC this is huge !!
Was very strange price movement today and was able to buy at 261 there was 2 sells for 2m each at 260 and after they was filled the price rose expect an RNS shortly. -
No doubt there is a recession coming with the gradual interest rate rises (6 x 0.25%'s more forecast this year alone.) My opinion is that the Gov't stoked inflation intentionally but it has now backfired. Some companies will struggle but I really think companies in this sector will thrive as the Gov't have no option to pour money into them to speed up the Nuclear Power Plants that are literally becoming essential now. It's going to be carnage in October when the energy cap ends.
Twenty minutes before the market close yesterday 10% of the shares in the company changed hands. Marked as a sell but only 1p below the selling price at the time so my assumption is a very willing buyer on the other side.
Expect an RNS shortly
when they really need to be turning this around fast
tp sub £3 for another oversold bounce
The Government’s announced of seven new nuclear power stations on stream by 2050 should be good news for JFN.
Considering the focus on Western Energy dependance and the shift towards more domestic dependence, analyst's expect the tank ship and offshore oil division here including the renewables to outperform, the increased defence spending may also benefit JFS. Its expected all previously delayed projects are now to commence, one analyst pointed to strong resistance here as when the market crashed JFS climbed. Any thoughts on how JFS might perform in the current circumstances, could one call JFS defensive? Plus Invesco just took a 4.9% stake here.
lol a 25% flash drop and my order did NOT get filled.
Fat fingers somewhere
Same again this morning at 349p I have unused booked money on acc , just looking to use it .
Thought I would top up here as cheaper then 10 days ago .
Whilst a statutory loss and 30% reduction in underlying operating profit is very disappointing, we shouldn’t loose sight of the positive news here.
The business remains strongly cash generative and over the period net debt and bank borrowing are both down significantly and interest charges down as a result.
The company has announced contract wins and has exited some unprofitable business.
Net current assets have improved.
The company has good access to banking facilities.
There is headroom against the banking convenants of interest cover ratio and net debt to EBITDA.
Doesn’t feel like a time to be panicking…
I concur, it is very odd that they have written such garbage. Having said this, a key factor for me was management's recent investor presentation's on the turnaround plan - I have seen the type before, its literally clueless, fluffy, blue sky thinking, which often means the people in charge don't know the industry or business and are just going through the motions. I will not add any shares here.
Same again this morning at 360p on since yesterdays to eager buy .
I do often wonder what planet these people are on when they think that was a well written RNS.
Then the sceptical part of me thinks there's a reason for it....
fingers crossed for some positive news over the next 3-6 months.
That's a bad set of numbers, with covenants near by it feels like at least a trip to 300p on the cards.
Was this RNS written by an intern? What about the massive demand increase for electricity over the next decade etc? Mr Musk estimates 300% so I will go with that. There is only one way to achieve this and it's nuclear power, not wind farms or russian oil. Please have a more positive outlook on your business.
Shocking results, another big loss. Litigation costs £3m!? Where has that come from? More bad debts. Management with lots of fluffy statements and no track record. Close to covenant breach. I mean - they didn't even give any real guidance for next year either..I must say that was a terrible RNS. Hope for significant holders that this ship turns around, its in a great sector but I fear for the future under this leadership - clueless!
400p
Topped up 1/3rd of holding ( D ) 9.21am on 18% fall after RNS .
Decent momentum here the last few months, lets hope for positive news in tomorrows results.
I agree
I see this as another potential MNZS over the coming years.
There's going to be lots of potential going forwards, with a share price roughly 1/4 of what it was.
Win a few contracts = potential for buy out.
GLA
I nibbled too soon, held on too long and bought at the recent lows . Back well in profit now but what a ride. This will do a Hunting when least expected and roar sooner than later as momentum is there.
Bid alert too always someone sniffing around IMHO
I have had a very small nibble at this today, far smaller position than previously held but I think the change in energy dynamic and defence situation is going to lead to a lot more spending in many of James Fisher, Petrofac etcs key markets
Jefferies raises James Fisher price target to 585 (555) pence - 'buy'
HI Bantam long time , I always think of you or did, when I heard a story about Bradford I hope they have done OK passed year or so ( never get time to look )
I moved over to Barcplus after ii they would like you as your smart .
You used to tell some great story's , fun and wisdom that would fit well .
Some guys you might recall ( Eadwig ) Bill , the first I felt got a little envious over the last year , no need as I tend to hold losers and as I only post trades ?
So unfortunately I have had a falling out with the owner and his moderators so can only read now , because I post trades nearly always strait away they had a job suggesting not true , have had a great couple of years as you know I own so many can not recall the ones we shared .
I know Ripley from older times and other boards.
He is genuine. Not like my football club.
Bantam.